Spot Gold Plummets Over $100, Breaking Below $4,500

On August 29, spot gold experienced significant volatility, dropping more than $100 and falling below the $4,500 per ounce threshold, marking a 2.26% decline and hitting a new low since August 20. Precious metals followed the downward trend, with spot silver also falling 2.3% to $67.67 per ounce as major precious metal assets faced heavy selling pressure.